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Around 77.7 crore (777 million) Indian consumers shopped cross-border in 2021. To make payments easier, NPCI International Payments Limited (NIPL) signed a memorandum of understanding (MoU) with UK-based PPRO Financial on 17 November 2021 to expand the acceptance of RuPay in foreign markets, especially in China and United States, which account for half of all international transactions coming ...
Personal data, also known as personal information or personally identifiable information (PII), [1] [2] [3] is any information related to an identifiable person.. The abbreviation PII is widely used in the United States, but the phrase it abbreviates has four common variants based on personal or personally, and identifiable or identifying.
The Morvi-Wankaner section was laid as a 2 ft 6inch road side tram way in the year 1890 by Morvi Railway under the regime of Sir Waghji Thakor. Wadhwan–ajkot metre-auge section of Morvi State Railway laid in the year 1890. [3]
The Payment Card Industry Security Standards Council (PCI SSC) was formed by American Express, Discover Financial Services, JCB International, MasterCard and Visa Inc. on 7 September 2006, [1] with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.
The first payment card was created in 1950 by Ralph Schneider and Frank McNamara to allow members to use charge cards at their Diners’ Club, and consumers were required to pay their bill in full each month. In 1959, American Express [6] created the first credit card that allowed users to carry a balance from month to month.
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...
3-D Secure is a protocol designed to be an additional security layer for online credit and debit card transactions. The name refers to the "three domains" which interact using the protocol: the merchant/acquirer domain, the issuer domain, and the interoperability domain.
It is commonly used for payment cards (ATM cards, credit cards, debit cards, etc.). Today it is also used for driving licences and personal identity cards in many countries, automated fare collection system cards for public transport, in retail loyalty cards, and even crew member certificates (particularly for aircrew [ 5 ] ).